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Item F4 F4 BOARD OF COUNTY COMMISSIONERS COUNTY of MONROE �� i Mayor Holly Merrill Raschein,District 5 The Florida Keys Mayor Pro Tern James K.Scholl,District 3 Craig Cates,District 1 Michelle Lincoln,District 2 ' David Rice,District 4 Board of County Commissioners Meeting September 11, 2024 Agenda Item Number: F4 2023-2938 BULK ITEM: Yes DEPARTMENT: County Land Acquisition And Land Management TIME APPROXIMATE: STAFF CONTACT: Christine Hurley AGENDA ITEM WORDING: Approval of a contract to purchase Tier 3 property for density reduction Lot 15, Stillwright Point Plat No. 1 near mile marker 105 from Domm Investments, LLC for the price of$400,000. ITEM BACKGROUND: This acquisition is proposed to protect property rights, to reduce density, to reduce the County's potential liability for takings suits, and to provide a location for the Stillwright Point Road Elevation/Drainage/Pump Station construction. The Monroe County Land Authority (MCLA) negotiated the proposed agreement on the Board's behalf pursuant to an interlocal agreement between MCLA and the County authorizing MCLA to administer the County's Density Reduction Acquisition Program. The subject property is located on N Blackwater Lane on the bay side of Key Largo. Purchase Price and Estimated Closing Costs: • Purchase Price: $400,000.00 • Cost of Appraisal: $1,900.00 • Cost of Survey: $0.00 • Title Fees &Insurance: $2,550.00 • Attorney Fee &Notary Fee: $725.00 • Recording Fees: $35.50 • Total Costs: $405,210.50 (estimated) Attributes of the Subject Property: • ParcelID#: 00514480-000000 • Size: 5,250 square feet • Tier Designation: Tier 3 • Zoning Designation: Improved Subdivision (IS) • Future Land Use Map Designation: Residential Medium (RM) • Vegetation: Mix of undeveloped and developed Land. • Florida Forever Boundary: This property is outside the Florida Forever boundary. • Transferrable Development Rights (TDRs): 1 TDR • Cost per TDR: $400,000 • ROGO Dedication Points: 5 points • Cost per ROGO Dedication Point: $80,000 • Lot has a valid, unexpired building permit with a ROGO allocation; however, the ROGO allocation will not be used and will be returned to ROGO (LDC 138-26). This site is within the Stillwright Point neighborhood where the County has obtained a grant and is currently designing a Road Elevation project to eliminate flooding of roadways. County Staff identified this lot, along with an adjacent parcel also on this agenda for approval, as suitable for placement of the required pump station. The first appraisal of this site was $280,000. A second appraisal of the site is pending and is expected to be received before the 9/11/24 BOCC meeting. The negotiated purchase price is $400,000 plus closing costs outlined above. The seller is a developer and was planning on building a home and receiving a profit upon sale; therefore, they were not willing to negotiate a lower price. The site obtained a permit through the permitting system with a ROGO allocation. This means the developer has an active permit for construction. Following this purchase, because the permit will not be consummated, the permit will be withdrawn or voided, and the allocation will be returned to the County. The Land Authority cannot keep the allocation because the only way in the code to keep the allocation is for the structure to receive a Certificate of Occupancy. This is the one of two purchases of neighboring lots that are owned by separate but related legal entities. When both purchases are combined, the total purchase price will exceed $500,000, which would normally require the need for two appraisals. A second appraisal has been ordered in an abundance of caution. The County Attorney has advised that because each lot is owned by a separate legal entity, each transaction must be treated separately. The County Attorney has further advised that even though the purchase price of each lot exceeds the appraised price of the first appraisal, this purchase may be approved by a simple majority vote because the extraordinary vote requirement only applies to purchases in excess of $500,000, where two appraisals are required. See, F.S. 123.355(1) (b). 125.355 Proposed purchase of real property by county; confidentiality of records;procedure. (1)(a) In any case in which a county,pursuant to the provisions of this section, seeks to acquire by purchase any real property for a public purpose, every appraisal, offer, or counteroffer must be in writing. Such appraisals, offers, and counteroffers shall not be available for public disclosure or inspection and are exempt from the provisions of s. 119.07(1)until an option contract is executed or, if no option contract is executed, until 30 days before a contract or agreement for purchase is considered for approval by the board of county commissioners. If a contract or agreement for purchase is not submitted to the board of county commissioners for approval, the exemption from s. 119.07(1)will expire 30 days after the termination of negotiations. The county shall maintain complete and accurate records of every such appraisal, offer, and counteroffer. For the purposes of this section, the term "option contract" means a proposed agreement by the county to purchase a piece of property, subject to the approval of the local governing body at a public meeting after 30 days' public notice. The county will not be under any obligation to exercise the option unless the option contract is approved by the governing body at the public hearing specified in this section. (b) If the exemptions provided in this section are utilized, the governing body shall obtain at least one appraisal by an appraiser approved pursuant to s. 253.025 for each purchase in an amount of not more than $500,000. For each purchase in an amount in excess of$500,000, the governing body shall obtain at least two appraisals by appraisers approved pursuant to s. 253.025. If the agreed purchase price exceeds the average appraised price of the two appraisals, the governing body is required to approve the purchase by an extraordinary vote. The governing body may, by ordinary vote, exempt a purchase in an amount of$100,000 or less from the requirement for an appraisal. PREVIOUS RELEVANT BOCC ACTION: On September 21, 2022 the Board approved the Third Amended and Restated Interlocal Agreement between MCLA and the County authorizing MCLA to administer the County's Density Reduction Acquisition Program. INSURANCE REQUIRED: No CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATION: Approval. DOCUMENTATION: Aerial Photograph Property Record Card.pdf Purchase Agreement_signed FINANCIAL IMPACT: Effective Date: September 11, 2024 Expiration Date: None Total Dollar Value of Contract: $400,000.00 plus estimated closing costs of$5,210.50 (estimated) Total Cost to County: $405,210.50 (estimated) Current Year Portion: $405,210.50 (estimated) Budgeted: Yes Source of Funds: 304 Funds infrastructure sales surtax CPI: N/A Indirect Costs: To be determined Estimated Ongoing Costs Not Included in above dollar amounts: N/A Revenue Producing:No If yes, amount: Grant: No County Match: N/A Insurance Required: Yes, will be covered by County's liability policy Additional Details: $400,000 plus estimated closing costs of$5,210.50 (estimated) Lot 15, Stillwright Point Plat No. 1 Key Largo / F i I a T"7 LL Y n CEf11TER CENV 0 e� a ; ti BC�4CFCIi�VATEF2 L.N f @�" ft �r{u ;ram/ �✓ �'� , �� , °rr i/ " 1 9 5142 9 f/ 51�1474 �q��9� d� �a1 � 9d11 '1�41 �d9 �� �� 4�1 << y aru;,. n �lHn l -TAC'C)Fw d ' E� e f G Monroe County, FL **PROPERTY RECORD CARD** Disclaimer The Monroe County Property Appraiser's office maintains data on property within the County solely for the purpose of fulfilling its responsibility to secure a just valuation for ad valorem tax purposes of all property within the County.The Monroe County Property Appraiser's office cannot guarantee its accuracy for any other purpose.Likewise,data provided regarding one tax year may not be applicable in prior or subsequent years.By requesting such data,you hereby understand and agree that the data is intended for ad valorem tax purposes only and should not be relied on for any other purpose. By continuing into this site you assert that you have read and agree to the above statement. Summary Parcel ID 00514480-000000 Account# 1633755 Property ID 1633755 0 Millage Group 500K � Key� r Location 42 N BLACKWATER Ln,KEY LARGO Address Legal LT 15 STILLWRIGHT POINT PLAT#1 KEY LARGO P134-117OR180-257 OR180-259 Description OR212-540-541 OR476-927 OR821-1120 OR1199-384 OR1416-2490 OR1448-442 OR2272-15 OR3101-2376 OR3113-25 II4ul,'P',au Ibu ia°x xl ouii Ilug d duci.nina.inil',rx.1 Neighborhood 1862 Property Class VACANT RES(0000) Subdivision STILLWRIGHT POINT NO1 Sec/Twp/Rng 01/61/39 �V Affordable No IHousing Owner DOMM INVESTMENTS LLC 11543 SW 150th PI Miami FL33196 Valuation 2023 Certified Values 2022 Certified Values 2021 Certified Values 2020 Certified Values + MarketlmprovementValue $0 $0 $0 $0 + MarketMiscValue $423 $439 $0 $0 + Market Land Value $81,900 $114,660 $60,060 $21,840 = Just Market Value $82,323 $115,099 $60,060 $21,840 = Total Assessed Value $82,323 $115,099 $11,231 $10,210 School Exempt Value $0 $0 $0 $0 = School Taxable Value $82,323 $115,099 $60,060 $21,840 Historical Assessments Year Land Value Building Value Yard Item Value Just(Market)Value Assessed Value Exempt Value Taxable Value Maximum Portability 2022 $114,660 $0 $439 $115,099 $115,099 $0 $115,099 $0 2021 $60,060 $0 $0 $60,060 $11,231 $0 $60,060 $0 2020 $21,840 $0 $0 $21,840 $10,210 $0 $21,840 $0 2019 $21,840 $0 $0 $21,840 $9,282 $0 $21,840 $0 2018 $20,475 $0 $0 $20,475 $8,438 $0 $20,475 $0 Iic II`n1,�axlltrimuirin I loci L;I llIIuly irx iuiii ud luirinala oiiiIly unid^J-iouIld iii l be i' 11iud iApnanru�lII lu iaa,i.mlll ppoii MlbIIIRy wnoi.uniL 4 oi[il ia: oin ofI cu W vo iifV lII iu H imll ppoii MllroIIal7 wna iaiiL Land Land Use Number of Units Unit Type Frontage Depth RESIDENTIAL DRY UNPERMITTED(01DM) 5,250.00 Square Foot 0 0 Yard Items Description Year Built Roll Year Size Quantity Units Grade CH LINK FENCE 2020 2022 4 x 38 1 152 SF 1 CH LINK FENCE 2020 2022 5 x 12 1 60 SF 1 Sales Sale Date Sale Price Instrument Instrument Number Deed Book Deed Page Sale Qualification Vacant or Improved Grantor Grantee 7/14/2021 $100 Warranty Deed 2330444 3113 25 11-Unqualified Vacant 5/21/2021 $125,000 Warranty Deed 2322724 3101 2376 01-Qualified Vacant 3/1/1997 $25,000 Warranty Deed 1448 0442 M-Unqualified Vacant Permits Date Number Date Issued Completed Amount Permit Type Notes 22300567 11/7/2023 $408,683 Residential PERMIT APPROVAL TO CONSTRUCT A 1948 SQ FT SINGLE FAM I LY RESIDENCE WITH 295 SQ FT STORAGE,1653 SQ FT CARPORT/BREEZEWAY,1785 SQ FT FIRST FLOOR,238 SQ FT FIRST FLOOR TERRACES AND 2100 SQ FT METAL ROOF AS PER APPROVED PLANS. View Tax I nfo View Faxes for Lhiis(Pair vela ............................................................. d, a Imil, Map f i i, TRIM Notice d No data available for the following modules:Buildings,Sketches(click to enlarge). Schneider GEOSPATIAL silky I IR I riv as,,y I ta,V Jjpj, p51 A 4 Aly AGREEMENT FOR THE PURCHASE OF LANDS THIS AGREEMENT is made and entered into this 26th day of August , 202437 by and between Domm Investments, LLC (hereinafter "Seller(s)"), for themselves, their heirs, executors, administrators, successors and assigns, and MONROE COUNTY, FLORIDA (hereinafter "COUNTY"). WITNESSETH: 1. In consideration of Ten Dollars ($10.00) in hand, paid by the COUNTY, the receipt of which is hereby acknowledged, the Seller(s) agree to sell to the COUNTY certain lands upon the terms and conditions hereinafter set forth, and for the price of $400,000.00 for all of the lands and other interests, which lands shall include all tenements, hereditaments, together with all water and other rights, easements, appurtenances, and any and all of the Seller's rights in or arising by reason of ownership thereunto belonging, owned by them, situate and lying in the County of Monroe, State of Florida, more particularly described as follows; to-wit: Lot 15, Stillwright Point Plat No. 1 (PB 4-117) Parcel ID# 00514480-000000 2. The Seller(s) agree that they have full right, power and authority to convey, and that they will convey to the COUNTY the fee simple title together with legal and practical access thereto clear, free and unencumbered, except subject to the following easements or reservations: Existing easements for canals, ditches, flumes, pipelines, railroads, public highways and roads, telephone, telegraph, power transmission lines and public utilities. The COUNTY, at the COUNTY'S expense, within the time allowed to deliver evidence of title and to examine same, may have the real property surveyed and certified by a registered Florida surveyor. If the survey discloses encroachments on the real property or that improvements located thereon encroach on setback lines, easements, lands of others, or violate any restrictions, contract covenants, or applicable governmental regulations, the same shall constitute a title defect. Seller(s) shall convey a marketable title subject only to the aforementioned liens, encumbrances, exceptions or qualification set forth herein. Marketable title shall be determined according to applicable title standards adopted by authority of the Florida Bar and in accordance with law. The COUNTY shall have sixty (60) days from the Effective Date in which to examine title. If title is found defective, the COUNTY shall, within this specified time period, notify Seller(s) in writing specifying defect(s). If the defect(s) render title unmarketable the Seller(s)will have one hundred twenty (120) days from receipt of notice within which to remove the defect(s). The Seller(s)will use diligent effort to correct defect(s) in title within the time provided therefore, including the bringing of necessary suits, failing which the COUNTY shall have the option of either accepting the title as it then is or rescinding the Agreement herein. 3. The Seller(s)further agree not to do, or suffer others to do, any act by which the value or title to said lands may be diminished or encumbered while this Agreement is pending. It is further agreed that any loss or damage occurring prior to the vesting of satisfactory title in the COUNTY by reasons of the unauthorized cutting or removal of products therefrom, or because of fire, shall be borne by the �� 1 Seller(s); and that, in the event any such loss or damage occurs, the COUNTY may, without liability, refuse to accept conveyance of said lands. 4. The Seller(s) further agree that during the period covered by this instrument officers and accredited agents of the COUNTY shall have at all reasonable times the unrestricted right and privilege to enter upon said lands for all proper and lawful purposes, including examination of said lands and the resources upon them. The Seller(s) hereby waive their rights to any and all claims against the COUNTY or the State of Florida associated with, or arising from ownership of, said lands and this waiver shall survive closing. 5. The Seller(s) will execute and deliver upon demand of the proper officials and agents of the COUNTY a good and sufficient deed of warranty conveying to the COUNTY a marketable title to the said lands of such character as to be satisfactory to the legal counsel of the COUNTY and said deed shall provide that the use, occupation and operation of the rights-of-way, easements and reservations retained therein, shall be subordinate to and subject to such rules and regulations as may be prescribed by the COUNTY governing the use, occupation, protection and administration of lands. 6. In consideration whereof the COUNTY agrees that it will purchase all of said lands and other interests at the price of $400,000.00. The COUNTY further agrees that, after the preparation, execution, and delivery of the deed, and after the legal counsel of the COUNTY shall have approved the title thus vested in the COUNTY, it will cause to be paid to the Seller(s) the purchase price. The COUNTY shall pay the following expenses associated with the conveyance of the property: deed recording fees, settlement fees, abstract fees, title examination fees, the Buyer's attorney's fees, and title insurance, as well as the prorata share of prepaid real property taxes allocable to the period subsequent to the vesting of title in the COUNTY, or the effective date of possession of such real property by the same, whichever is earlier. The Seller(s) shall pay the expenses of documentary stamps to be affixed to the deed and the removal of trash, debris, and structures from the property, if any, and real estate commissions, if any. Full possession of the premises shall pass to the COUNTY as of the date payment is made to the Seller(s) subject only to the reservations stated in Section 2 above. 7. It is mutually agreed that an abstract, title insurance policy or other evidence of title to the property herein contracted to be sold, satisfactory to the legal counsel of the COUNTY will be obtained by the COUNTY at its expense. The Seller(s) expressly agree herein to furnish to the COUNTY any documents in Seller(s)'s possession establishing evidence of title including, but not limited to, abstracts, title commitments, title policies and opinions of title. 8. It shall be the obligation of the Seller(s) to pay all taxes and assessments outstanding as liens at the date title vests of record in the COUNTY, whether or not such taxes and assessments are then due and payable. 9. It is mutually understood and agreed that notice of acceptance of this Agreement shall be given to the Seller(s) by email to the address provided by the Seller(s) or by mail addressed to the Seller(s) at the following address: 11543 SW 150 Place Gregory Pardo, Agent Miami, FL 33196 Harbour 99 Properties, Inc. Harbour99@bellsout .net C7) 2 and shall be effective upon date of mailing and shall be binding upon all of the Seller(s) without sending a separate notice to each, except as such obligation may be affected by the provisions of paragraph 6 hereof. 10. The property shall be delivered at closing free of any tenant or occupancy whatsoever. 11. The Seller(s) shall close any open building permits or code enforcement proceedings prior to closing. 12. The effective date of this Agreement (hereinafter "Effective Date") shall be that date when the last one of the Seller(s) and the COUNTY has signed this Agreement. 13. If the Seller(s) wish to proceed with this transaction, the Seller(s) have until August 26, 2024, to sign and return this Agreement to the COUNTY. This Agreement may be executed in counterparts. Notwithstanding any provision of this Agreement to the contrary, the closing of this transaction is contingent upon approval by the Monroe County Board of County Commissioners, failing which the parties acknowledge that each shall be released of all further obligations under this Agreement. In the event this transaction has not closed within one hundred eighty (180) days from the Effective Date, then either party may terminate this Agreement at any time thereafter by providing written notice, in which case the parties acknowledge that each shall be released of all further obligations under this Agreement. IN WITNESS WHEREOF, the Seller(s) have hereunto signed their names and affixed their respective seals on the day first above written and therefore the Seller(s)for and in consideration of the Ten Dollars ($10.00) hereinabove acknowledge as received, have and do hereby grant unto the COUNTY or its authorized representative, or any other office or agent of the COUNTY authorized to purchase said lands, the option and right to enter into this Agreement for Purchase within sixty (60) days from the execution thereof by the Seller(s). Seller/ Domm Investments, LLC By: Edgar Jose Nunez, Authorized Member u,,7.� 08/26/2024 305-905-0069 harbour99@bellsouth.net Signatu a U Date Phone Number Email Address Buyer/ COUNTY: MONROE COUNTY, FLORIDA ATTEST: Kevin Madok, CPA, Clerk By: As Deputy Clerk Holly Merrill Raschein, Mayor (Seal) Date: 3 Liz Yongue From: Gomez-Krystal <Gomez-Krystal@MonroeCounty-FL.Gov> Sent: Tuesday, September 10, 2024 8:27 AM To: Ballard-Lindsey; County Commissioners and Aides; Kevin Madok; Pamela G. Hancock; Senior Management Team and Aides; Liz Yongue; InternalAudit Cc: Shillinger-Bob; Williams-Jethon; Cioffari-Cheryl; Livengood-Kristen; Rubio-Suzanne; Pam Radloff; County-Attorney; Allen-John; Danise Henriquez; Hurley-Christine; Rosch- Mark; Gambuzza-Dina; Beyers-John; InternalAudit; Kevin Madok; Valcheva-Svilena; Powell-Barbara Subject: Item F4 BOCC 09/11/2024 REVISED ITEM WORDING BACKGROUND. Attachments: AIS 2938 F4.pdf Importance: High Good Morning, Please be advised that the agenda item wording background has been revised for item F4. "Approval of a contract to purchase Tier 3 property for density reduction Lot 15, Stillwright Point Plat No. I near mile marker 105 from Domm Investments, LLC for the price of$400,000. " ver priice. The site obtained a permit through the permitting system with a ROGO atlocatiom. This rme,anis the deveto-per has an active perrmit for coi s purchase,because the permit will not be dconisumrmated„the panmiit will.be withdrawn or voided,and the allocation will be,returned to the Cou nit rnnot(keep the allocation because the cn,ly way in the code to(keep the allocation!is for the stru iictur-e to receive e Certificate,of Occupancy. This is irchases of neighboring lots that are owned by separate but related legal entities„ When both purchases are combined,the total purchase price wwn rich would normally require the need for two appraiisats. A second appraisal[has been ordered in an abumdlaince of caution and valluuedl tlhe prrcpert� runty Attorney has,advised that because-each Lot is owned bar a.se,lparate legal entity,each transaction,roust be treated separately. The County Attr wised that even thouigh the purchase price of eachh,lot-exceeds the appraised price of the first appraisal„this purchase may be approved by a siimpl, a extraordinary vote repluiirernent only applies to purchases in excess of$500,0001,where twwo,apprais,als are required. See,F.S. 123.355(1)(b),. 1: irchrnse of rnrull nrnn€nrty Ihv r•:ruuunty-runt H6,.ntinl itv of rrr.nrri-v nrnrr.€.,rfinr€..—P 1114rrl li n env a a,,n in wvhiirlh,n rrii inty. ni irni lent to-thn nrnvnsinn,nff this r Sincerely, Executive Administrator Monroe County Administrator's Office 1100 Simonton Street, Suite 2-205 Key West, FL 33040 (305)292-4441 (Office) (305)850-8694(Cell) Courier Stop#1 Notary Public w.r onroec_ u�n1�.y:�:V_e.gpy g.c L...g.q.Y. PLEASE NOTE: FLORIDA HAS A VERY BROAD RECORDS LAW. MOST WRITTEN COMMUNICATIONS TO OR FROM THE COUNTY REGARDING COUNTY BUSINESS ARE PUBLIC RECORDS AVAILABLE TO THE PUBLIC AND MEDIA UPON REQUEST. YOUR EMAIL COMMUNICATION MAY BE SUBJECT TO PUBLIC DISCLOSURE. 1 2 F4 BOARD OF COUNTY COMMISSIONERS COUNTY of MONROE i Mayor Holly Merrill Raschein,District 5 The Florida Keys Mayor Pro Tern James K.Scholl,District 3 Craig Cates,District 1 Michelle Lincoln,District 2 ' David Rice,District 4 Board of County Commissioners Meeting September 11, 2024 Agenda Item Number: F4 2023-2938 BULK ITEM: Yes DEPARTMENT: County Land Acquisition And Land Management TIME APPROXIMATE: STAFF CONTACT: Christine Hurley AGENDA ITEM WORDING: Approval of a contract to purchase Tier 3 property for density reduction Lot 15, Stillwright Point Plat No. 1 near mile marker 105 from Domm Investments, LLC for the price of$400,000. ITEM BACKGROUND: This acquisition is proposed to protect property rights, to reduce density, to reduce the County's potential liability for takings suits, and to provide a location for the Stillwright Point Road Elevation/Drainage/Pump Station construction. The Monroe County Land Authority (MCLA) negotiated the proposed agreement on the Board's behalf pursuant to an interlocal agreement between MCLA and the County authorizing MCLA to administer the County's Density Reduction Acquisition Program. The subject property is located on N Blackwater Lane on the bay side of Key Largo. Purchase Price and Estimated Closing Costs: • Purchase Price: $400,000.00 • Cost of Appraisal: $1,900.00 • Cost of Survey: $0.00 • Title Fees &Insurance: $2,550.00 • Attorney Fee &Notary Fee: $725.00 • Recording Fees: $35.50 • Total Costs: $405,210.50 (estimated) Attributes of the Subject Property: • ParcelID#: 00514480-000000 • Size: 5,250 square feet • Tier Designation: Tier 3 1 • Zoning Designation: Improved Subdivision (IS) • Future Land Use Map Designation: Residential Medium (RM) • Vegetation: Mix of undeveloped and developed Land. • Florida Forever Boundary: This property is outside the Florida Forever boundary. • Transferrable Development Rights (TDRs): 1 TDR • Cost per TDR: $400,000 • ROGO Dedication Points: 5 points • Cost per ROGO Dedication Point: $80,000 • Lot has a valid, unexpired building permit with a ROGO allocation; however, the ROGO allocation will not be used and will be returned to ROGO (LDC 138-26). This site is within the Stillwright Point neighborhood where the County has obtained a grant and is currently designing a Road Elevation project to eliminate flooding of roadways. County Staff identified this lot, along with an adjacent parcel also on this agenda for approval, as suitable for placement of the required pump station. The first appraisal of this site was $280,000. A second appraisal of the site is pending and is expected to be received before the 9/11/24 BOCC meeting. The negotiated purchase price is $400,000 plus closing costs outlined above. The seller is a developer and was planning on building a home and receiving a profit upon sale; therefore, they were not willing to negotiate a lower price. The site obtained a permit through the permitting system with a ROGO allocation. This means the developer has an active permit for construction. Following this purchase, because the permit will not be consummated, the permit will be withdrawn or voided, and the allocation will be returned to the County. The Land Authority cannot keep the allocation because the only way in the code to keep the allocation is for the structure to receive a Certificate of Occupancy. This is the one of two purchases of neighboring lots that are owned by separate but related legal entities. When both purchases are combined, the total purchase price will exceed $500,000, which would normally require the need for two appraisals. A second appraisal has been ordered in an abundance of caution and valued the property at $300,000. The County Attorney has advised that because each lot is owned by a separate legal entity, each transaction must be treated separately. The County Attorney has further advised that even though the purchase price of each lot exceeds the appraised price of the first appraisal, this purchase may be approved by a simple majority vote because the extraordinary vote requirement only applies to purchases in excess of $500,000, where two appraisals are required. See, F.S. 123.355(1)(b). 125.355 Proposed purchase of real property by county; confidentiality of records;procedure. (1)(a) In any case in which a county,pursuant to the provisions of this section, seeks to acquire by purchase any real property for a public purpose, every appraisal, offer, or counteroffer must be in writing. Such appraisals, offers, and counteroffers shall not be available for public disclosure or inspection and are exempt from the provisions of s. 119.07(1)until an option contract is executed or, if no option contract is executed, until 30 days before a contract or agreement for purchase is considered for approval by the board of county commissioners. If a contract or agreement for purchase is not submitted to the board of county commissioners for approval, the exemption from s. 119.07(1)will expire 30 days after the termination of negotiations. The county shall maintain complete and accurate records of every such appraisal, offer, and counteroffer. For the purposes of this section, the term "option contract" means a proposed agreement by the county to purchase a piece of property, subject to the approval of the local governing body at a public meeting after 30 days' public notice. The county 2 will not be under any obligation to exercise the option unless the option contract is approved by the governing body at the public hearing specified in this section. (b) If the exemptions provided in this section are utilized, the governing body shall obtain at least one appraisal by an appraiser approved pursuant to s. 253.025 for each purchase in an amount of not more than $500,000. For each purchase in an amount in excess of$500,000, the governing body shall obtain at least two appraisals by appraisers approved pursuant to s. 253.025. If the agreed purchase price exceeds the average appraised price of the two appraisals, the governing body is required to approve the purchase by an extraordinary vote. The governing body may, by ordinary vote, exempt a purchase in an amount of$100,000 or less from the requirement for an appraisal. PREVIOUS RELEVANT BOCC ACTION: On September 21, 2022 the Board approved the Third Amended and Restated Interlocal Agreement between MCLA and the County authorizing MCLA to administer the County's Density Reduction Acquisition Program. INSURANCE REQUIRED: No CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATION: Approval. DOCUMENTATION: Aerial Photograph Property Record Card.pdf Purchase Agreement_signed FINANCIAL IMPACT: Effective Date: September 11, 2024 Expiration Date: None Total Dollar Value of Contract: $400,000.00 plus estimated closing costs of$5,210.50 (estimated) Total Cost to County: $405,210.50 (estimated) Current Year Portion: $405,210.50 (estimated) Budgeted: Yes Source of Funds: 304 Funds infrastructure sales surtax CPI: N/A 3 Indirect Costs: To be determined Estimated Ongoing Costs Not Included in above dollar amounts: N/A Revenue Producing:No If yes, amount: Grant: No County Match: N/A Insurance Required: Yes, will be covered by County's liability policy Additional Details: $400,000 plus estimated closing costs of$5,210.50 (estimated) 4